How to Buy DeFi Coin Token

DeFi Coin (DEFC) is tipped to be one of the best-performing digital currencies this year.

In a nutshell, this crypto asset sits at the heart of the newly launched Defi Swap ecosystem – which allows users to earn an attractive rate of interest across a plethora of tokens.

This decentralized platform also supports the instant conversion of one token to another without requiring a third party.

In this guide, we explain how to buy DeFi Coin tokens in under 10 minutes from start to finish.

Key points on DeFi Coin

For a quick overview of what DeFi Coin brings to the cryptocurrency arena – consider the key points outlined below:

• DeFi Swap: DeFi Coin is the underlying crypto token that backs the DeFi Swap decentralized exchange. This DEX not only supports instant token swaps without a centralized party, but you can generate interest on your crypto assets through yield farming and liquidity provision.
• Long-Term Holders: DeFi Coin and its respective DeFi Swap exchange are favored by long-term investors. The reason for this is that each transaction attracts taxation of 10%. Meaning – market speculators are discouraged from trading DeFi Coin for short-term gains.
• Rewards: After each transaction is taxed, half of the proceeds collected by the respective smart contract will distribute the tokens to current DeFi Coin holders. This ensures that long-term holders are rewarded.
• Liquidity: The other half of collected proceeds after each transaction is taxed is injected into the DeFi Coin liquidity pool. This ensures that DeFi Coin is available to buy and sell in a fully-functioning market.

We explore the above benefits of buying DeFi Coin later on in this guide. Also did you know that you can buy DeFi Coin via the top-ranked DeFi applications?

Cryptoassets are a highly volatile unregulated investment product. 

Once you confirm the swap, the BNB tokens will be swapped for DeFi Coin in real-time. You can then head back to your wallet and should find your newly purchased DEFC tokens.

Buying digital currencies like DeFi Coin from a decentralized exchange can be a complex task if this is your first time. As such, we offer a much more comprehensive walkthrough of how to buy DeFi Coin in the subsequent sections of this guide.

How to Buy DeFi Coin Crypto Tutorial

By following the steps below, you will learn how to:

• Install a suitable wallet that can connect to DeFi Swap
• Transfer BNB tokens to fund your DeFi Coin purchase
• Connect to the DeFi Swap exchange
• And finally – buy DeFi Coin

Cryptoassets are a highly volatile unregulated investment product. 

Follow the step-by-step tutorial below to buy DeFi Coin in a matter of minutes.

Step 1: Install a Suitable Crypto Wallet

The first step is to ensure that you have access to a suitable wallet that can connect to the DeFi Swap crypto exchange.

As we briefly noted just a moment ago, DeFi Coin and DeFi Swap operate on top of the Binance Smart Chain, so you need to choose a wallet that is compatible with this network.

The two dominant players in this space are MetaMask and Trust Wallet. We would argue that MetaMask is the best option here, as in addition to a mobile app, you can also use the wallet via a Google Chrome extension.

Nonetheless, we will explain the process with both wallets:

Install MetaMask

If you opt for MetaMask, visit the provider’s official website and click on the ‘Download’ button.

Next, click on the ‘Install MetaMask for Chrome’ button.

Note: MetaMask also comes as a browser extension for Firefox, Brave, and Edge.

Once installed, you will need to create a strong password and write down your 12-word backup phrase.

The latter is required in the event you forget your password or lose the device that the wallet is installed on. Never share this with anyone, as they will be able to access your MetaMask wallet remotely.

Install Trust Wallet

If you prefer Trust Wallet, then you will need to download it via a mobile app to your smartphone.

Once installed, you will need to write down your 12-word backup passphrase. You will also need to create a PIN – which you will need to enter each time you wish to access your wallet.

Step 2: Add BNB Tokens to Your Wallet

In order to buy DeFi Coin, you will need to have a suitable amount of BNB tokens in your wallet. This is because DeFi Coin trades on the Binance Swap Chain and thus – it can be swapped with BNB instantly.

• If you already have BNB stored in a private wallet or an exchange, you can transfer the tokens over to your wallet.
• Alternatively, if you need to buy BNB – the best place to do this is via Binance.
• You can open an account with Binance in a matter of minutes and then instantly purchase BNB with a debit/credit card.

Take note, if you are using Trust Wallet, this, by default, connects to the Binance Smart Chain. However, if you opt for MetaMask, then you will need to manually connect the Binance Smart Chain to your wallet.

We explain both processes below:

Get BNB Address for Trust Wallet

Open your Trust Wallet app and look for BNB from the list of tokens in your main interface. Then, you will need to click on the ‘Receive’ button followed by ‘Copy’.

This will copy your unique BNB wallet address to your clipboard. You can then head over to the wallet or exchange where your BNB tokens are located and complete the transfer.

Get BNB Address for MetaMask

Before we can get our BNB wallet address from MetaMask, we need to connect to the Binance Smart Chain.

You can do this by clicking on ‘Settings’ followed by ‘Add Network’.

Then you can copy and paste the following data into the relevant field:

• Network Name: Smart Chain
• New RPC URL: https://bsc-dataseed.binance.org/
• Chain ID: 56
• Symbol: BNB
• Block Explorer URL: https://bscscan.com

You can then confirm by clicking on the ‘Save’ button.

Then, at the top of your MetaMask interface, you will see your wallet address listed below the ‘Account 1’ tab. Click on the copy icon next to the address.

You can then transfer the BNB tokens over to MetaMask from an external crypto wallet or exchange.

Step 3: Connect to DeFi Swap

If you have BNB in MetaMask or Trust Wallet, then you can now head over to the DeFi Swap exchange to complete your DEFC purchase.

First, click on the ‘Connect Wallet’ button. You will then be given two options with respect to connecting a wallet to the exchange.

• MetaMask: Choose this if you are using MetaMask
• WalletConnect: Choose this if you are using Trust Wallet

If opting for MetaMask, a pop-up notification will appear on your device asking you to confirm that you are happy to connect your wallet to DeFi Swap.

Connecting Trust Wallet to DeFi Swap

If opting for WalletConnect, there is an extra step.

Clicking this option will display a QR code. Open the Trust Wallet app and click on Settings > WalletConnect > New Connection.

Then, use your smartphone to scan the QR code displayed on DeFi Swap. Finally, you will need to confirm via your Trust Wallet app that you are happy to connect to DeFi Swap.

Step 4: Set Up DeFi Coin Swap

At this stage of the walkthrough, the steps required for both MetaMask and Trust Wallet are the same.

Now that you have connected your preferred wallet to DeFi Swap, you can proceed to set up a swap order so that you can convert BNB to DeFi Coin.

• By default, DeFi Swap will display BNB as the digital token being used to pay for the exchange.
• It will also display DeFi Coin as the digital token to be received from the exchange.

As such, all you need to do is specify how many BNB tokens you wish to exchange for DeFi Coin.

In the example above, we are looking to swap 0.003 BNB, which as of writing, gets us just over 2.2 DEFC tokens. To proceed, click on the ‘Swap’ button.

Step 5: Buy DeFi Coin

You will now see a pop-up box appear, which asks you to confirm your swap.

Once you click on the ‘Confirm Swap’ button, a notification will appear on your MetaMask or Trust Wallet.

Once you confirm the exchange via your respective wallet, your BNB will be swapped for DeFi Coin in real-time.

Cryptoassets are a highly volatile unregulated investment product. 

Step 6: Add DeFi Coin Contract Address to Wallet

Now that you have completed your purchase of DeFi Coin, you will need to manually add the token’s contract address to your preferred wallet. This is because, like most Binance Smart Chain tokens, wallets do not display DeFi Coin by default.

Further reading: How to Buy DUMBLE Token

Add Defi Coin to Trust Wallet

If you are using Trust Wallet, you will first need to click on the settings icon from the upper-right of the interface. Then, scroll down and click on ‘Add Custom Token’.

Make sure that your wallet is connected to Binance Smart Chain as opposed to Ethereum.

If it is, you can then paste the following into the ‘Contract Address’ field:

0xeb33cbbe6f1e699574f10606ed9a495a196476df

You should then see that the subsequent blank fields are automatically completed.

Click on ‘Done’ and go back to your Trust Wallet interface. You should now see your DeFi Coin purchase.

Add Defi Coin to MetaMask

If you are using MetaMask, you can manually add DeFi Coin by clicking on the ‘Import Tokens’ button.

Then, click on the ‘Add Custom Token’ button.

What is DeFi Coin Crypto?

Is DeFi Coin the next cryptocurrency to explode in 2024? DeFi Coin is a digital currency that has been built on top of the Binance Smart Chain. The token provides fuel to the DeFi Swap ecosystem, which is a decentralized exchange offering a variety of crypto-centric services. Read our guide to find out why it’s also one of the best crypto winter tokens.

This includes the ability to:

• Swap one digital token for another instantly without needing to go through a third party
• Provide liquidity in return for a share of trading fees generated on DeFi Swap
• Earn an attractive APY via crypto yield farming

Crucially, when you buy cryptocurrency on DeFi Swap, you can do so in a fully decentralized and private manner. In terms of being a DeFi Coin holder, this offers a wide variety of benefits.

For instance, a 10% tax is applied on all buy and sell transactions. This is with the view of discouraging market speculators from trading DEFC. Instead, the project seeks to attract long-term holders.

Furthermore, and perhaps most importantly, 50% of the tax from each transaction is distributed to DEFC holders. The more tokens you hold, the greater your share. The other 50% is subsequently added to the DeFi Coin liquidity pool.

Another thing to note about DeFi Coin is that it has the potential to become the best altcoin investment of 2024. The reason for this is that DeFi Coin carries a minute market capitalization and as such – the upside potential could be huge.

On the other hand, there are no guarantees that DeFi Coin will perform well, so always do your own research and never invest more than you can realistically afford to lose.

Why Buy DeFi Coin

With hundreds of DeFi tokens available to buy and hold, knowing which coin to buy and how to go about investing in DeFi in general can be confusing – the DeFi ecosystem is relatively new.

As such, in the sections below, we explore some of the key reasons why you might decide to buy DeFi Coin today for your long-term investment portfolio.

Decentralized Exchanges are the Future 

Many market commentators believe that decentralized exchanges – or DEXs, will eventually replace centralized platforms like Binance and Coinbase.

After all, if digital currencies are decentralized, it makes sense that the exchange process should be too.

• This is where DeFi Swap comes in, as its innovative but simple platform allows users to convert digital currencies without going through an intermediary.
• Instead, all swaps are executed by the underlying smart contract.
• Now, it must be noted that DEXs are still in their infancy, not least because trading volumes are still very small in comparison to what centralized exchanges generate.

However, this is also a benefit, as you can gain exposure to an up-and-coming DEX like DeFi Swap while the industry is still young. And in turn, as DeFi Swap continues to grow, this could have a hugely positive impact on the value of DeFi Coin.

Low-Cost Token 

Another benefit of buying DeFi Coin is that it is a low-cost digital currency. This means that even with a small capital outlay, you can purchase a large number of tokens.

For example, as of writing, 1 BNB would get you 727 DEFC tokens. Based on exchange rates, this means that a single DeFi Coin is trading at around $0.45 per token. And as such, a small outlay of $100 would get you 45 DEFC tokens.

In comparison, many digital currencies now trade for thousands of dollars. In this scenario, a small investment would only get you a fraction of one token.

Small Market Cap 

Shrewd crypto investors will often look for top-quality gems with a small market capitalization on offer. In doing so, this offers a highly attractive upside potential.

In the case of DeFi Coin, the digital token is trading with a market capitalization of under $50 million as of writing. Therefore, the growth potential of this project is still very high.

Market Speculators are Discouraged  

We mentioned earlier that on each buy and sell transaction, the underlying DeFi Coin smart contact will deduce a 10% tax.

For example:

• Let’s say that a market speculator sells $10,000 worth of DEFC tokens
• In turn, 10% of this is taxed
• This means that the speculator would receive $9,000
• The remaining 10% is distributed to existing DEFC holders alongside the project’s liquidity pool – more on this shortly

Now, as you likely know, market speculators will often look for quick profits throughout the day. However, with a taxation policy of 10% in place, this makes the process unviable when trading DeFi Coin.

Instead, DeFi Coin seeks to attract high-level investors that are looking to hold DEFC tokens in the long run. In other words, management at DeFi Coin favors slow, steady, and organic growth as opposed to volatile and parabolic pricing spikes.

Regular Dividend Income  

As noted above, DEFC transactions are taxed at 10%. Half of this figure is distributed to existing token holders in the form of a dividend.

• For example, we mentioned earlier that on a $10,000 sell order, $1,000 is collected in tax for the DeFi Coin ecosystem.
• This means that on a single transaction, $500 is distributed to DeFi Coin holders.
• Therefore, if you were to own 1% of the DeFi Coin supply, you would receive a dividend reward of $5.

As and when DeFi Coin attracts larger daily trading volumes, these dividend payments can very quickly begin to add up. As such, you are incentivized to hold DeFi Coin in the long run.

Cryptoassets are a highly volatile unregulated investment product. 

DeFi Coin Price

The price of DeFi Coin is determined by demand and supply in the market. Nonetheless, this digital currency, as of writing, still trades for less than $0.50 per token.

The best way to track the price of DeFi Coin is via the PooCoin website. This offers real-time pricing in addition to a full list of buy and sell orders.

DEFC Price Prediction

Attempting to make Defi Coin price predictions on a newly launched digital currency is best avoided.

After all, it can be difficult to predict which way the broader cryptocurrency markets are likely to move – let alone a single project that is still at the very start of its journey.

With that said, DeFi Coin is, according to PooCoin, trading with a market capitalization of less than $50 million as of writing. This offers an attractive entry price for those looking to invest in undervalued and cheap crypto assets.

DeFi Coin App

As per the DeFi Coin whitepaper and roadmap targets, the team plans to launch its mobile app in Q3 2022 at the very latest.

The DeFi Swap app will be available to download for free on both iOS and Android devices and it will be fully optimized for your respective operating system.

The DeFi Swap app will offer a variety of tools and features, including direct access to its decentralized exchange. You will also be able to use the app to access interest-generating services, including crypto yield farming and liquidity provision.

The team at DeFi Coin also notes that the app will offer a range of educational content surrounding the decentralized finance sector across guides, videos, and mini-courses.

DeFi Coin NFT

In addition to its mobile app, the team at Defi Swap is also building a smart contract function that will enable users to buy and sell NFTs via its decentralized exchange.

Once again, this will benefit the long-term value of DeFi Coin, not least because NFT transactions will be conducted in DEFC tokens.

Conclusion

In summary, if you are in the market for up-and-coming digital currency projects that are backed by solid and innovative business fundamentals, DeFi Coin is well worth considering.

This crypto asset provides the fuel for the newly launched DeFi Swap exchange, which offers users the ability to swap tokens in a decentralized manner, alongside the ability to earn interest via yield farming and liquidity provision.

Further down the line, the team at DeFi Coin is also building an iOS and Android mobile app, an NFT marketplace, and more.

If you want to buy DeFi Coin right now, you can swap BNB tokens for DEFC via the DeFi Swap exchange in a matter of minutes.

Cryptoassets are a highly volatile unregulated investment product. 

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